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Steps to quickly pull in more foreign direct investment and foreign institutional investment were among the measures considered as Finance Minister P. Chidambaram assembled top Indian officials to discuss how to stem the plunge of the rupee against the U.S. dollar. India's current-account deficit is one factor accelerating the rupee's fall as the dollar gains against most global currencies.

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India's current-account deficit this year can be financed without too much harm to foreign exchange reserves, central bank Governor Raghuram Rajan said. "The finance minister's math, which the RBI collaborated, suggests CAD could come down to US$70 billion or even below that. The financial measures we put in place should raise more than that amount of money," Rajan said.

Finance Minister P. Chidambaram and other top Indian officials strategized over the weekend on how to stem the rupee's recent steep decline. Sources said an announcement on forthcoming measures is likely today.

India's yawning current-account gap and prospects for less monetary stimulus in the U.S. contributed to the rupee's fall Tuesday to a record low of 58.77 to the U.S. dollar. "The first four months of 2014 saw over $3.6 billion of inflows in the Indian debt segment and between May and June till date, over $3.5 billion has moved out. Such a sharp outflow within such a short period of time continues to pressure the rupee. Now all eyes are on the Fed meeting," Anindya Banerjee, a currency analyst at Kotak Securities.

Japan is moving closer to international standards with much sharper penalties for insider trading. Small fines for such activities in the past have been criticized as inadequate to discourage the often-lucrative practice.

Investors are selling the Indian rupee to buy U.S. dollars amid a favorable U.S. labor report and continued speculation that the Federal Reserve will phase out its bond-buying program. The rupee has hit a historic low against the U.S. dollar, increasing worries about India's widening current-account deficit, which was at a record 5% of gross domestic product in the year that ended March 31, according to government estimates.